| Board of Selectmen Adopt FY 2010 Fiscal Policies |
Board Adopts Fiscal Policies for FY 2010
At their meeting on September 22nd, the Board of Selectmen adopted a series of policy statements for Fiscal Year 2010. Mr. Morgado will now proceed to develop his budget submission in accordance with these directives from the Board.
The Board's first Financial Workshop will take place on October 20th when Mr. Morgado will begin the process of outlining the Town's fiscal picture for FY 2010 which begins on July 1, 2009.
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| Board of Selectmen to Announce Home Heating Working Group |
The Board of Selectmen Home Heating Working Group will next meet on October 2, 2008 at 10:00 AM in the Selectmen’s Meeting Room. The Working Group is headed by Selectmen John Lebeaux and Selectmen Benjamin Tartaglia who serve as the Board’s sub-committee for Cultural, Health and Human Services.
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| Fiscal Year 2007 Audit Report |
The Fiscal Year 2007 audit report has been received by the Board
of Selectmen. This report includes the financial detail of all
Town transactions, comments of grant funds and awards and make
certain management recommendations.
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| Selectmen Release 2007 Citizen Survey
Final Report |
The Board of Selectmen has released the 2007 Citizen Survey Final
Report. This survey was conducted and the report was prepared
by a group of Clark University students and reprises a similar
survey that was conducted in 2005. The survey was provided
free of charge to the Town with the only significant expenses
incurred by the Town were the cost of postage and staff time to
support the project.
The Board of Selectmen thanks the students for their efforts
on behalf of the Town and for all residents that took the time
to participate. The Board also thanks John Lukach, William
Gooley and Dina Nichols for assisting in the design of the questionnaire.
The Board has taken the findings of the survey under advisement.
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| Board Considers Public Works Priority
List for 2008-2009 |
At the Board's recent workshop it met with the department heads
that work in the public works and public facilities areas to review
the Public Works Priority List for 2008-2009. This annual
event in the traditional kick off of the successor budget development
process since much of the Priority List will form the Capital
Budget for the next five years. Attending this workshop along
with the full Board of Selectmen was John Knipe, Angela Snell,
Robert Cox, Jack Perreault, Robert Tozeski, Michael Hale and Daniel
Morgado and involved a project by project update on each item.
Recent success in the public works and public facilities areas
are the result of this identification and prioritization process
which continually evolves on a daily basis as projects are advanced
and held based upon current conditions and opportunities.
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| Board Receives Post-Retirement Benefit
Analysis |
The Board of Selectmen has released a November 9, 2007, report
prepared by Daniel Sherman of Buck Consultants. This report
was prepared and issue pursuant to Government Accounting Standard
Board (GASB) Statements 43 and 45 to identify the current funded
position of the Town's post-retirement health benefits program.
The report indicates the Town's actuarial accrued liability to
be between $34.6 Million to $73.0 Million depending on funding
mechanisms.
This report supplements the information contained in the
Retirement System Actuarial Report that was most recently competed
on January 1, 2006, outlining the Town's unfunded liability.
While there is no requirement that the Town begin the process
of funding the actuarial accrued liability at this time, it is
expected that some recommendation, policy or regulation will be
enacted at some time in the future once all governmental entities
disclose their respective liabilities.
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| Town Manager Files Free Cash Report |
Last week, Town Manager Morgado filed with the Board of Selectmen
and Finance Committee a report on the Town's Free Cash certification
as of July 1, 2007. The balance of $4,850,038 indicates
that the erosion of Free Cash that began in Fiscal Year 2002 has
abated and the balance has stabilized meaning the amount used
in setting the FY 2008 budget was offset from gains resulting
from closing the books on Fiscal Year 2007.
Morgado advised the Board and Finance Committee that, “The
$4,850,038 Free Cash balance demonstrates the advantage of your
solid conservative management of the Town’s finances as
supported by the Town Meeting and will bode well for the Town
when discussing with Moody’s the Town’s fiscal condition
when issuing permanent financing this year for the various light,
water and fire facilities projects.” He added
“In addition, this balance puts the Town just above the
5% of operating budget goal that the Finance Committee has used
for a number of years.”
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| About the Board of Selectmen |
| The Board of Selectmen
acts as the Town’s Chief Executive Body responsible for the
general welfare of the Community. Specific powers and responsibilities
of the Board of Selectmen are set forth in Chapter
559 of the Acts of 1953 which is better known as the Town Manager
Act and the General Laws of the Commonwealth of Massachusetts.
The primary responsibility of the Board of Selectmen is to appoint
and oversee the work of the Town
Manager. Annually the Board of Selectmen files with the citizens
of Shrewsbury an Annual Report.
The Office of the Board is open Monday through Friday except for
legal holidays from 8:00 AM to 4:30 PM. Residents and visitors requiring
the services of the Board of Selectmen may make contact
via phone, mail, fax or email.
From l to r: Benjamin W. Tartaglia, Moira Miller, Maurice M.
DePalo, John I. Lebeaux, and James A. McCaffrey
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| Selectmen |
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May
2010